Higher-than-expected growth in U.S. stockpiles weighed on the oil prices on Wednesday. Moreover, concerns over an increase in COVID-19 cases in top importer China might have an impact on demand. Thus, the Brent crude contract ended 2.8% lower at $92.65 a barrel. WTI crude traded 3.5% down at $85.83 per barrel.
read more... 10/11/2022
Tuesday saw a decrease in oil prices due to growing worries about fuel consumption as COVID-19 outbreaks escalated in the world's biggest crude importer China. Prices were also affected by uncertainty related to the results of the US midterm elections. As such, the Brent crude price settled 2.6% down at $95.36 a barrel. WTI crude fell by 3.1% to $88.91 a barrel.
read more... 09/11/2022
The EU will sign three initial agreements for imports of renewable hydrogen at the Cop 27 UN climate conference in Sharm el-Sheikh, European Commission president Ursula von der Leyen said.
read more... 09/11/2022
Hungary will not agree to an EU price cap on imported gas because it would end Russian deliveries, a senior aide to Prime Minister Viktor Orban said, adding that if the EU decides on a cap it would have to exempt Hungary, as it did for oil.
read more... 24/10/2022
Renewable energy production avoided the need for 70bcm of natural gas imports to the EU – or around EUR 99bn in costs – following Russia’s full-scale invasion of Ukraine, a study showed on Tuesday.
read more... 19/10/2022